FullTimeTrader

USDCAD-final wavecount-expanding ending diagonal

FX:USDCAD   U.S. Dollar/Canadian Dollar
1506 6 24
I've been closely following and studying this pair last months.
Right now i think the mistery has been revealed.
Price formed a nice expanding ending diagonal . The behaviour after its completion gives me more confidence about this wave count.
There are also many perfect price and time relationships im not showing to keep chart clean.
Details on chart.

More than that, looking at W1 chart we have price finished a very long term zigzag . I expect a long term decline from here, reaching possibly 1.200 and more.

snapshot


My plan is to focus mainly on shorts, selling the rallies.

Best regards.
IvanLabrie PRO
a year ago
Good one.
Reply
webmiztriz PRO
a year ago
nice.... this bodes well for Oil .. correct? they are inverse....correct?
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FullTimeTrader webmiztriz
a year ago
Yes, i expect also a rally for oil, though the timing could be different. Regards.
Reply
inamniazi
a year ago
great sir
Reply
Heelfan23 PRO
a year ago
Great work as usual!!!! Do you expect this pair to continue to decline at this point, as we are hitting trend line? Looks like we are in the 3rd wave, of the current 5 wave move down.
Reply
FullTimeTrader Heelfan23
a year ago
I expect this pair to continue to 1.200, it will take some time off course. There could be some pullbacks for longs also, lets wait for more price action. Regards.
Reply
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